PANews reported on February 28 that according to the analysis of CryptoQuant CEO Ki Young Ju, Bitcoin spot trading volume is highly active around US$100,000. The current market is in the distribution stage and price trends depend on whether new liquidity is exhausted.

He stressed that the Bitcoin bull market has not ended, but the market may experience a 30% correction. If the price falls below $75,000, it will affect his bullish judgment. The key issue lies in the source of funds in the future. Without new liquidity, Bitcoin may face a longer period of adjustment.